XML 57 R42.htm IDEA: XBRL DOCUMENT
v3.24.1

TAXES ON INCOME (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Schedule of Deferred Tax Assets and Liabilities | Significant components of the Company's deferred tax assets and liabilities are as follows :
| December 31,
| 2023 |  | 2022
Deferred tax assets: |  |  |
Net operating losses carryforward and tax credits | $ | 96,079 |  |  | $ | 51,924 |
Intra-entity transfer of certain intangible assets (*) | 14,563 |  |  | 17,252 |
Operating leases liabilities | 18,820 |  |  | 22,878 |
Share based payments | 37,110 |  |  | 38,206 |
Research and development costs | 112,311 |  |  | 62,695 |
Reserves, allowances and other | 55,124 |  |  | 54,774 |
Deferred tax assets before valuation allowance | 334,007 |  |  | 247,729 |
Valuation allowance | (19,818) |  |  | (12,569) |
Deferred tax assets | 314,189 |  |  | 235,160 |
Deferred tax liabilities: |  |  |
Acquired intangibles | (75,396) |  |  | (43,385) |
Operating lease right-of-use assets | (15,813) |  |  | (20,160) |
Acquired deferred revenue | — |  |  | (565) |
Internal use software and other fixed assets | (18,650) |  |  | (24,766) |
Prepaid compensation expenses | (33,936) |  |  | (36,724) |
Other | (19) |  |  | (7) |
Deferred tax liabilities | (143,814) |  |  | (125,607) |
Deferred tax assets, net | $ | 170,375 |  |  | $ | 109,553 |
(*) During the years ended December 31, 2023 and 2022, the Company completed intra-entity transfers of certain intangible assets to a different tax jurisdiction. As a result of the transfers, the Company utilized net operating losses carried forward, incurred a tax expense on capital gain, released valuation allowances and recorded a deferred tax asset.
| December 31,
| 2023 |  | 2022
Deferred tax assets | $ | 178,971 |  |  | $ | 116,889 |
Deferred tax liabilities | (8,596) |  |  | (7,336) |
Deferred tax assets, net | $ | 170,375 |  |  | $ | 109,553 |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of the Company's effective tax rate to the statutory tax rate in Israel is as follows:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Income before taxes on income, as reported in the consolidated statements of income | $ | 457,700 |  | $ | 345,332 |  | $ | 240,619
Statutory tax rate in Israel | 23.0 | % |  | 23.0 | % |  | 23.0 | %
Preferred Enterprise / Preferred Technology Enterprise benefits (*) | (6.8) | % |  | (3.3) | % |  | (2.2) | %
Changes in valuation allowance | 1.6 | % |  | 0.5 | % |  | 1.0 | %
Earnings taxed under foreign law | (0.9) | % |  | 0.7 | % |  | 0.2 | %
Tax settlements and prior years adjustments | 4.4 | % |  | 0.4 | % |  | (1.8) | %
Intangible assets transfer | — | % |  | — | % |  | (1.7) | %
Other | 4.7 | % |  | 1.7 | % |  | (1.3) | %
Effective tax rate | 26.1 | % |  | 23.0 | % |  | 17.2 | %
(*) The effect of the benefit resulting from the "Preferred Enterprise/Preferred Technology Enterprise benefits" status on net earnings per ordinary share is as follows
Schedule of Effect on Benefit Resulting from "Preferred Enterprise" Status on Net Earnings Per Ordinary Share |
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Basic | $ | 0.49 |  |  | $ | 0.18 |  |  | $ | 0.08 |
Diluted | $ | 0.47 |  |  | $ | 0.19 |  |  | $ | 0.08 |
Schedule of Income Before Income Taxes on Income | Income before taxes on income is comprised as follows:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Domestic | $ | 195,203 |  |  | $ | 102,500 |  |  | $ | 53,703 |
Foreign | 262,497 |  |  | 242,832 |  |  | 186,916 |
| $ | 457,700 |  |  | $ | 345,332 |  |  | $ | 240,619 |
Schedule of Taxes on Income (Tax Benefit) | Taxes on income (tax benefit) are comprised as follows:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Current | $ | 182,789 |  |  | $ | 132,129 |  |  | $ | 80,903 |
Deferred | (63,390) |  |  | (52,742) |  |  | (39,507) |
| 119,399 |  |  | 79,387 |  |  | 41,396 |
Domestic | 51,334 |  |  | 28,853 |  |  | 16,171 |
Foreign | 68,065 |  |  | 50,534 |  |  | 25,225 |
| $ | 119,399 |  |  | $ | 79,387 |  |  | $ | 41,396 |
Of which:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Domestic taxes: |  |  |  |  |
Current | $ | 50,414 |  |  | $ | 29,576 |  |  | $ | 27,400 |
Deferred | 920 |  |  | (723) |  |  | (11,229) |
| 51,334 |  |  | 28,853 |  |  | 16,171 |
Foreign taxes: |  |  |  |  |
Current | 132,375 |  |  | 102,553 |  |  | 53,503 |
Deferred | (64,310) |  |  | (52,019) |  |  | (28,278) |
| 68,065 |  |  | 50,534 |  |  | 25,225 |
Taxes on income | $ | 119,399 |  |  | $ | 79,387 |  |  | $ | 41,396 |
Schedule of Reconciliation of Unrecognized Tax Benefits | A reconciliation of the beginning and ending balances of the total amounts of uncertain tax position is as follows:
| December 31,
| 2023 |  | 2022
Uncertain tax positions, beginning of year | $ | 80,005 |  |  | $ | 77,047 |
Increases in tax positions for prior years | 1,262 |  |  | 2,729 |
Increases in tax positions for current year | 11,712 |  |  | 6,031 |
Expiry of the statute of limitations | (2,855) |  |  | (5,802) |
Uncertain tax positions, end of year | $ | 90,124 |  |  | $ | 80,005 |

X
- Definition Tabular disclosure of the effect of the benefit resulting from the "Preferred Enterprise" status on net earnings per ordinary share. + References No definition available. + Details
Name: | nice_ScheduleOfEffectOnBenefitResultingFromPreferredEnterpriseStatusOnNetEarningsPerOrdinaryShareTableTextBlock
Namespace Prefix: | nice_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 9 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-15 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-15A Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 19 -SubTopic 10 -Topic 740 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-19 + Details
Name: | us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration